You are a loan officer. Why do you spend your time trying to be a debt negotiator, too?
“Because my clients need help negotiating down their debt balances and restoring their credit,” you say.
That’s where we come in.
We at National Debt Consultants are a team of experienced debt negotiators who do nothing but negotiate debt for our clients. We deal with creditors and collectors day in and day out.
By trying to negotiate your client’s debt yourself, you may be doing more harm than good – potentially causing your client’s creditors to escalate their collection efforts; potentially damaging your ability to write your client’s loan.
REFER YOUR CLIENTS TO NATIONAL DEBT CONSULTANTS – LET US TAKE ON YOUR CLIENT’S DEBT PROBLEMS SO THAT YOU DON’T HAVE TO!
Some of the benefits of referring your clients to National Debt Consultants:
 Make more money
We pay you a referral fee out of our professional fees – fees that are built right in to your client’s loan. Please contact National Debt Consultants for more specific information.
Help your clients
Unless your clients have no debt and perfect credit, they need us. As a debt solutions service specializing in debt negotiation and credit restoration, we have programs to help your clients achieve financial freedom.
Even where your client's debts don’t need to be paid down for you to write the loan – even where your client's creditors could be paid in full with the loan money – you still have the opportunity to help your clients! By referring them to National Debt Consultants you’re helping them reduce the debt they owe so that they can pay off more debts with the loan or take cash out to remodel the kitchen or take that long-overdue family vacation.
Remember, what’s good for your clients is good for you!
Improve your client relationships
By referring your client to us for debt negotiation services, you’re adding value to the service you provide your client; by simply filling out a referral form and sending it to us, you become more than your client’s loan officer – you become the first step in his financial saving grace.
Build competitive advantage
You know as well as anyone that it’s a dog-eat-dog world out there. Borrowers have a lot of mortgage lenders to choose from, so you have to stand out from the next loan officer in order to pull in customers. How do you stand out? If you struggle to answer that question, or simply feel that you work too hard trying to stand out, let National Debt Consultants make it easy for you. By offering your clients a valuable service, we help you stand out from your competition.
Consider this scenario: A borrower has $50,000 in home equity and $100,000 in unsecured debt. Loan Officer A could write the $50,000 loan, allowing the borrower to clear half of his debt. Loan Officer B, on the other hand, refers the borrower to us at National Debt Consultants. We settle half of the client’s debt, reducing his total debt to $50,000. Loan Officer B writes the $50,000 loan and the borrow clears 100% of his debt. Then the throws a party, tells 10 friends about how amazing Loan Officer B is, and the next Monday Loan Officer B has 10 voice messages asking about refinancing.
Which loan officer will you be?
Write more loans
By reducing the amount of your client’s debt, we can lower your loan-to-value and debt-to-income ratios, making it easier to close the loan, allowing your client to consolidate more debt, or getting your client more cash.
It must be really frustrating when you’ve taken the time to sit down with a potential borrower, fill out an application, go over the details, only to find out that you can’t close the loan because the borrower’s debt-to-income ratio is too high. It must be hard to tell your clients that they can’t afford to finance their dreams because they have too much debt.
If you refer your clients to us, you won’t have to.
Consider this scenario: A potential client has applied for a mortgage refinance with you. The existing mortgage is for $150,000 and the client has $50,000 in delinquent credit card debt. After reviewing their application and running their credit you find that their DTI is 55% and you can only approve their refinance at a DTI of 50%.
You could turn the client away.
Or you could call National Debt Consultants. We would negotiate your client’s debt down to $25,000. Your new DTI would be 49%. You write the loan and make your commission; your client reduces and consolidates his debt and raves about your service; and NDC pays you a fee of $1,562.50, just for referring your client to us – a win-win-win situation!
Wondering how NDC’s debt negotiation services will affect your client’s loan?
Our services will help improve it! Even if we negotiate down your client’s delinquent debt substantially, the loan amount doesn’t have to change – most clients would love to take out additional cash.
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